Swiss Franc Gains Despite SNB Keeping Negative Interest Rates

Mar 21,2019 22:52   Source:Earnforex
The Swiss franc rallied against most major currencies today, with the exception of the US dollar, which was rebounding after yesterday’s losses. Markets largely ignored the monetary policy meeting of the Swiss National Bank. As was expected, the SNB kept its interest rates in the negative territory, with interest on sight deposits staying at –0.75% and the target range for the three-month Libor at between –1.25% and –0.25%. While the central bank admitted that “the Swiss […]

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